Auction Terms & Conditions YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. NO BUYERS PREMIUM! Sale is subject to the confirmation of the Sellers. PROCEDURE: Bidding will be per acre x tax map acres. $1000 per ac opening bid, bid increments on a sliding scale from $50.00 to $20.00 per acre. SURVEY: Tract #1 will not be surveyed and is based on last available tax bill. Tracts #2, 3 and 4 will be surveyed. Seller will pay 50% of survey bill and Buyer(s) will pay 50% on a per acre basis. Final sale price will be adjusted to surveyed acres on any surveyed tracts. If a single buyer purchases Tracts#2, 3 and 4 they will have the option to forgo the survey and base the sale on the county tax map acres. MINERAL: Any mineral owned will transfer, if any. CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co. Trust Account. The balance of the contract purchase price is due at closing. TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Insurance, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps. Buyer will pay the deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer & Seller. CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage, if any. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing. POSSESSION: Possession will be given at closing. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co. LLC. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold "As Is, Where Is". Any bid placed inside 5 minutes will extend the auction bidding another 5 minutes. This will continue until there are no more bids. AUCTIONEER: Wayne Keller, IL Lic #441.002475 --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms